Blue Trust Inc. Increases Stock Position in Telefônica Brasil S.A. (NYSE:VIV)

Blue Trust Inc. boosted its holdings in Telefônica Brasil S.A. (NYSE:VIV) by 2,821.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,214 shares of the Wireless communications provider’s stock after purchasing an additional 3,104 shares during the quarter. Blue Trust Inc.’s holdings in Telefônica Brasil were worth $26,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of VIV. V Square Quantitative Management LLC raised its holdings in shares of Telefônica Brasil by 5.0% in the second quarter. V Square Quantitative Management LLC now owns 50,378 shares of the Wireless communications provider’s stock valued at $415,000 after buying an additional 2,382 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Telefônica Brasil during the 2nd quarter valued at approximately $83,000. Simplicity Wealth LLC lifted its position in Telefônica Brasil by 22.2% during the 2nd quarter. Simplicity Wealth LLC now owns 18,459 shares of the Wireless communications provider’s stock worth $152,000 after acquiring an additional 3,358 shares during the period. Arkfeld Wealth Strategies L.L.C. purchased a new position in shares of Telefônica Brasil in the 2nd quarter valued at approximately $85,000. Finally, Cetera Advisors LLC acquired a new position in shares of Telefônica Brasil in the first quarter valued at approximately $236,000. Institutional investors and hedge funds own 5.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VIV. Barclays lifted their price objective on shares of Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Morgan Stanley raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.17.

Telefônica Brasil Price Performance

Telefônica Brasil stock opened at $9.68 on Friday. The company has a market cap of $16.10 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 0.90 and a beta of 0.79. Telefônica Brasil S.A. has a one year low of $8.02 and a one year high of $11.43. The business has a fifty day moving average of $8.75 and a two-hundred day moving average of $9.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 1.03.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Monday, July 29th. The Wireless communications provider reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. During the same quarter last year, the business earned $0.14 earnings per share. As a group, analysts predict that Telefônica Brasil S.A. will post 0.63 earnings per share for the current fiscal year.

Telefônica Brasil Cuts Dividend

The company also recently declared a — dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Friday, January 1st will be paid a dividend of $0.0379 per share. This represents a dividend yield of 3.2%. The ex-dividend date is Tuesday, August 27th. Telefônica Brasil’s dividend payout ratio (DPR) is 52.38%.

Telefônica Brasil Company Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.